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TORONTO (Reuters) - Stock brokers in Canada cannot use marketmakers to execute trades for a fee, under a government rule that has restricted the growth of zero-commission trading platforms like Robinhood, whose booming business in United States was linked to wild swings in GameStop Corp and other “Reddit rally” stocks.
FILE PHOTO: Trading information for GameStop is displayed on the Robinhood App in this photo illustration January 29, 2021. REUTERS/Brendan McDermid/Illustration
U.S. zero-commission platforms sell orders to wholesale marketmakers and generate revenue. Canadian brokers are required to fulfill trades on exchanges because it makes the stock market more transparent than splitting trades among market makers.
2 granted in eastern Egypt · Licences target potential historic workings as defined by in-house satellite data review · Eastern Desert hosts the world class Sukari gold mine operated by Centamin Plc · Licences awarded as part of a competitive international bidding process · First phase exploration programmes are currently being planned Steven Poulton, Chief Executive of Altus, commented: We are delighted and honoured to announce that our subsidiary Akh Gold, has been awarded four gold exploration licences, comprising nine licence blocks that total 1,586 km
2, within the highly prospective geology of the Eastern Desert of Egypt. The licences were selected based on our systematic in-house mineral prospectivity mapping programme, which incorporated satellite image interpretation and historic exploration data. All four licence areas host numerous priority targets, including areas with apparent histo
Trading resumes in: Company: NextSource Materials Inc. TSX Symbol: NEXT All Issues: Yes Resumption : 9:30 AM IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity .
Canadian Digital Asset Trading Platform Coinsquare Unveils “Quick Trade” Mobile App
Coinsquare announced on Monday the launch of its new
Quick Trade mobile app. The simple to use app makes buying and selling digital assets quick and convenient, with customers able to easily manage their portfolio of digital assets.
According to Coinsquare, The Quick Trade app available in English and French offers the following benefits and features:
Simplified KYC process – get verified to trade within seconds
Instant account funding via Interac e-Transfer
No-fee e-Transfer deposits and withdrawals
Commission free trades
Swap between any two assets, with 15 pairings to start and many more to come